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Buying and Selling Multi-family Fourplexes for Sale in Orange County and Los Angeles, CA

A fourplex is a dwelling with separate entrances for four households. A fourplex may be used to describe two, three or four-story homes with completely separate apartments on each floor or side-by-side apartments on a single lot. Amongst multi-unit residential investment properties, a fourplex is a building comprising four attached units on four different properties. The difference between an apartment building and a fourplex is somewhat blurry, with apartment buildings tending to be bigger, while fourplexes are usually the size of a large house.

Your fourplex or multifamily residential income property can serve as a vacation rental in the great climate of Southern California's many destination cities. Coastal cities are especially popular and although you may command higher rents, you may consequently pay a higher purchase price. With many cities allowing vacation rental conversion and the increasing popularity of web sites like VRBO (vacation rental by owner) you can create multiple short term rentals with higher asking rates. Often fourplexes serve as sought after options for larger families and family reunions. Plus fewer and fewer fourplexes and apartment buildings are being built in California, creating higher demand for a limited supply.

Owning a fourplex has a number of unique advantages.

1. Fourplexes Are Great Stepping Stones

Many buyers want to explore the opportunities that multifamily investments offer. Fourplexes give you the experience you need to prepare for being a landlord of a larger apartment building. It allows you to manage tenant issues on a smaller scale before taking a leap with a building housing 15-20 dwellers or more.

2. A Residential Loan Can Be More Attainable Than A Commercial Loan

One of the most attractive aspects of a fourplex unit is the eligibility for residential loans. Commercial loans can tend to be more difficult to acquire and offer less attractive terms. Residential loans can offer better rates and typically require less of a down payment. For many, the prospect of being able to acquire a multi-unit investment with as little down as an FHA loan requires (3.5%) is not only an advantage, but a necessity for them to be able to purchase at all.

3. You Can Satisfy A Personal or Business Need

Some fourplex owners have unique needs that only a multi-unit property can fulfill. A duplex, triplex, or fourplex in the right location can serve as a residence and office. For instance, units in commercial or retail areas can be in a highly visible location that can serve a business purpose. Other buyers may have a need to house many family members and a duplex, triplex, or fourplex may serve that need better than a single family home.

With all that being said, if you can find good, trustworthy, employed tenants, then your investment can be paid for by others. Plus by owning income-producing real estate, you get the tax benefits!

Hiring a property manager can also help you control owner/ landlord expenses, manage tenant issues and if necessary can guide you through the tricky Section 8 and the sometimes unavoidable eviction process. We have many fourplexes, duplexes, triplexes, and commercial apartment buildings without rent control, with on-site laundry, parking and separately metered utilities. Invest with us and request more information about the historical CAP Rates for your next fourplex in cities of your choice and ask about the GRM (Gross Rent Multiplier) for specific listings.